The Enforcement Directorate (ED) has intensified its action in the PACL money laundering case, provisionally attaching 37 immovable properties worth ₹1,986.48 crore under the provisions of the Prevention of Money Laundering Act (PMLA).
According to official sources, the attached properties are located in Ludhiana (Punjab) and Jaipur (Rajasthan). The action has been taken against M/s PACL Limited and its associated entities, which are under investigation for large-scale financial fraud and alleged laundering of public money.
The ED’s probe revealed that these assets were acquired using proceeds of crime generated through fraudulent investment schemes run by PACL. The attachment aims to prevent the accused entities from disposing of or transferring the properties during the course of the investigation.
PACL has been under the scanner of multiple central agencies for allegedly duping lakhs of investors across the country by collecting funds through illegal collective investment schemes. The latest attachment marks a significant step in securing assets for potential restitution to affected investors.
